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US: Initial Jobless Claims rose to 362K

According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 20K last week to a seasonally adjusted 362K in the week ended February 17, below expectations at 355K and coming from 362K (revised) in the previous print.

Continuing claims, which reflect people already receiving benefits, rose by 11K to a seasonally adjusted 3.148 million in the week ended February 10 vs. 3.137 million in the previous week (revised).

US: Consumer Price Index n.s.a (MoM) up to 230.28 in Jan from 229.6 in Feb

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France expected to miss 2013 deficit target

Ahead of the release of the European Commission’s economic forecasts on Friday, French radio RTL informed that according to estimates growth in France would remain almost stagnant this year, while the fiscal deficit would reach 3.6%, compared with the target of 3%. EU sources suggested that the European Commission would require additional reforms to curb French public spending.
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